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Nov 29, 2012
11/12
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KNTV
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but the federal government will want its cut, $90 million in taxes. not an immediate concern for the dreamers. >> today is the day. >> i want to give something to my grandchildren. >> for one, i would stop working. >> i would buy a house. >> i would give some to charity. >> reporter: this family won more than $200 million two months ago. this morning, on today, they had advice for the next winner. >> don't go out and get everything now, you will have time for all of that. just grow into the money. >> reporter: winning a lot of money can be difficult to handle. >> i just thought i would take a chance now, why not? >> reporter: even so it is a problem many wish they had. the lottery officials say there is a 75% chance there is a winner. but if not, tomorrow they will announce an even bigger jackpot. >> you never know, it may be the last time we ever see stephanie gosk reporting on powerball tonight. good luck, stephanie and thank you. >>> weather making the news tonight as viewers on the west coast are well aware they're getting ready for some heavy wea
but the federal government will want its cut, $90 million in taxes. not an immediate concern for the dreamers. >> today is the day. >> i want to give something to my grandchildren. >> for one, i would stop working. >> i would buy a house. >> i would give some to charity. >> reporter: this family won more than $200 million two months ago. this morning, on today, they had advice for the next winner. >> don't go out and get everything now, you will have...
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Nov 29, 2012
11/12
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MSNBCW
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rates going up on the middle class now. >> we're not going to raise taxes on those people. i think we should make that clear to everybody. >> reporter: bottom line, no deal yet. both sides are still talking. and both sides signalling that they're willing to give some ground to get this done and get it done on time. lynn. >> thanks so much. >>> it's not how he wanted to get there but former governor mitt romney heads to the white house. president obama is hosting his campaign rival at a private lunch. no reporters will be allowed in. it is the seventh time the two men have met face-to-face. it's going to be the first time since the election. there are no details on the meeting. in his victory speech, president obama said he hoped to speak with romney about how to move the country forward. >>> despite another rough day of meetings with republican senators, u.n. ambassador susan rice received a new vote of confidence. this time from the president and secretary of state hillary clinton. the president called rice extraordinary during a cabinet meeting she attended. clinton led a
rates going up on the middle class now. >> we're not going to raise taxes on those people. i think we should make that clear to everybody. >> reporter: bottom line, no deal yet. both sides are still talking. and both sides signalling that they're willing to give some ground to get this done and get it done on time. lynn. >> thanks so much. >>> it's not how he wanted to get there but former governor mitt romney heads to the white house. president obama is hosting his...
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Nov 29, 2012
11/12
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CNNW
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tax rates. >> keeping them honest. president obama campaigned and won. so his victory throws cold water on that claim. democrats gained seats in the senate and on the house. more than two in three people support tax hikes for the wealthy. it is something that republicans will be grapling with from now until new year's day. >> thank you. >> your proposal that republican lawmakers should agree with democrats should extend tax cuts for those making $250,000 or less later that is an idea that a lot of republicans are reki resisting. what kind of push back are you getting? >> i think some have more questions about it. i don't believe in raising tax rates on anybody. by slowing down growth cuts revenue. i think the president need to come to the table with real entitlement reform. if we agree that taxes should pt go up on 98% of the people? shoundn't we set that aside now? i think we'll win the argument on the other areas. putting people at risk. is something that we shouldn't do. >> speaker boehner sa
tax rates. >> keeping them honest. president obama campaigned and won. so his victory throws cold water on that claim. democrats gained seats in the senate and on the house. more than two in three people support tax hikes for the wealthy. it is something that republicans will be grapling with from now until new year's day. >> thank you. >> your proposal that republican lawmakers should agree with democrats should extend tax cuts for those making $250,000 or less later that is...
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Nov 28, 2012
11/12
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FBC
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in other words, a mandate to raise taxes hutton. tonight we want to take that mandate and put it into some context and perspective. this is the president's 2012 victory. but 50 -- and this is the mandate. forty-seven. the electoral votes, 3302. mesa more room here. romney's 206. that's impressive. but there's something missing. seven and a half people. seven and a half million voters from 2008. he received and, and all right this over here, 53 percent of the vote to mccain's 46%. a little more impressive. 365 electoral votes to 1703. wait a minute. that's quite a little difference . of falloff in the popular vote and a far less impressive electoral victory this year. let's look at the legislative branch, the senate, the house. fifty-five for democratic senators. forty-five will be republican. 200 democratic representatives to 234 in the house of representatives. he is down here. pretty impressive for the republicans. by the way, when you combine the senate and house there are still a lot more republicans than capitol hill then there
in other words, a mandate to raise taxes hutton. tonight we want to take that mandate and put it into some context and perspective. this is the president's 2012 victory. but 50 -- and this is the mandate. forty-seven. the electoral votes, 3302. mesa more room here. romney's 206. that's impressive. but there's something missing. seven and a half people. seven and a half million voters from 2008. he received and, and all right this over here, 53 percent of the vote to mccain's 46%. a little more...
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Nov 28, 2012
11/12
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FOXNEWSW
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friendly tax structure. ue ktah and iowa round occupy t top 5. california takes the top spot of worst run state for second year in a row now. they match debt rates and unemployment rates for that fall. california has one of th income tax burdens and according to the tax foundation it's the third worst business tax climate in the country. on the upside the report says the state is making progress with getting finances back on track. read island, arizona and new jersey round out the top worst run states. >>> good information there, diane. >>> thank you so much. 15 minutes before the hour. that's the rundown. if your mom is nagging you about getting married we determine if that mom of yours is normal or nuts. sometimes it is easy to spot a liar. >> it is a bit extreme. >> that's the thing nowadays. >> he said he would accent my facial features. >> it does. it accents your facial features. >> they say practice makes perfect especially when it comes to telling tall tales. speaking of that let's check in with bria
friendly tax structure. ue ktah and iowa round occupy t top 5. california takes the top spot of worst run state for second year in a row now. they match debt rates and unemployment rates for that fall. california has one of th income tax burdens and according to the tax foundation it's the third worst business tax climate in the country. on the upside the report says the state is making progress with getting finances back on track. read island, arizona and new jersey round out the top worst run...
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Nov 26, 2012
11/12
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FOXNEWSW
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tax issue. if you are a small business owner and you have a gadget to sell out of your garage and you work hard, you don't the money to comply with the different state laws across the country. whatever you call them. >> bob: we are not alone. a lot of republican governors are for taxing the internet. >> eric: in new jersey, i believe you don't pay sales tax on clothes. add sales tax on clothes there? >> brian: absolutely. >> eric: that is because you're from new york. >> dana: it should be fair. should you tax food? chocolate or not? it goes on and on. >> bob: if you talk about fair, how is it fair that people that go to the brick and mortar stores that pay taxes and other people on the internet don't. >> dana: we will explain it in the break. we have to go. major power grab in egypt. susan rice blames the intel community. the anti-muslim video that we talk, he will speak for the first time. the foreign policy roundup is next. in [ male announcer ] are you considering a new medicare plan? then y
tax issue. if you are a small business owner and you have a gadget to sell out of your garage and you work hard, you don't the money to comply with the different state laws across the country. whatever you call them. >> bob: we are not alone. a lot of republican governors are for taxing the internet. >> eric: in new jersey, i believe you don't pay sales tax on clothes. add sales tax on clothes there? >> brian: absolutely. >> eric: that is because you're from new york....
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Nov 29, 2012
11/12
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CURRENT
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own taxes. it's a sham and they ought to be rolled out of town if people understand what they were talking about. >> if people are worried about how they're going to take care of the homeless, how schools will be able to accommodate 30 kids in the class rom how people will be able to make ends meet when unemployment disappears. they can't be here. they can't afford it. they come here and write it off in their taxes $20 million a year ceos from these corporations, and continue to spread the hysteria and--and if their plan goes through the austerity plan, they and their company and their bonuses are actually the only thing that is going to improve in this economy. >> eliot: as they have over the past couple of years. income disparity is worse and worse and incomes are going up. lloyd blankfein telling people that they people should not expect to work for 25 years and then retire for 30. i don't think he understands what social security is all about. >>> the hispanic caucus said no today on a repub
own taxes. it's a sham and they ought to be rolled out of town if people understand what they were talking about. >> if people are worried about how they're going to take care of the homeless, how schools will be able to accommodate 30 kids in the class rom how people will be able to make ends meet when unemployment disappears. they can't be here. they can't afford it. they come here and write it off in their taxes $20 million a year ceos from these corporations, and continue to spread...
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Nov 23, 2012
11/12
by
MSNBCW
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eye 139
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so you can call yourself a tax cutter even though really the taxes have reset for a day or two. think of it this way, on december 31st the top tax rate is 35%. on january 1st the top tax rate is now about 40%. so you have this whole new baseline and you can say on january 2nd, hey, everybody, we're cutting taxes to get back to where we need to be. it's a bit of a kabookey dance. >> with that whole kabookey thing, if that's set one way january 1st, is that what's then in effect come hell or high water when people are paying their taxes april 15th or is there negotiating room ahead? >> no, that's kind of exactly the point. any changes that are made once we go over the cliff will be pret throw active. when you sit down in april of 2014 to fill out your taxes for 2013, they will be taxes that reflect all the agreements that will ultimately solve this thing and i am confident that we will ultimately solve it, i'm just not sure we'll solve it on december 31st. even the withholding tables, your paycheck should actually reflect the higher taxes that set in once we go over the cliff. the
so you can call yourself a tax cutter even though really the taxes have reset for a day or two. think of it this way, on december 31st the top tax rate is 35%. on january 1st the top tax rate is now about 40%. so you have this whole new baseline and you can say on january 2nd, hey, everybody, we're cutting taxes to get back to where we need to be. it's a bit of a kabookey dance. >> with that whole kabookey thing, if that's set one way january 1st, is that what's then in effect come hell...
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137
Nov 29, 2012
11/12
by
FBC
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why don't you be responsible and raise taxes, put your finger prints on a tax increase to pay for our bigger government. republicans said no. harry reid has had a hissy fit for four years now, i'm happy the republicans would not raise taxes to pay for is bigger government. the problem is the american people don't want their taxes raised. lou: what i asked was how you feel? >> i am pleased as punch. harry reid, at haing a hissy fit at me, he's really mad at the ameican people for not wanting to raise axes. he personalizes it with me. lou: what about those folks like senator john mccain, senator lindsay gramm, senator chambliss the list goes on. i mea -- >> it doesn'go on. it does not go on. here's theood news. all the people who last week and said we might raise taxes under certain circumstaes with the same people who said that two years ago. and everyews dia outlet in the country has said the last week, would you like to be famous? would you like to be called important and influential? come to our tv station and announced u areefor tax increases and we will tell everyone you are impor
why don't you be responsible and raise taxes, put your finger prints on a tax increase to pay for our bigger government. republicans said no. harry reid has had a hissy fit for four years now, i'm happy the republicans would not raise taxes to pay for is bigger government. the problem is the american people don't want their taxes raised. lou: what i asked was how you feel? >> i am pleased as punch. harry reid, at haing a hissy fit at me, he's really mad at the ameican people for not...
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Nov 27, 2012
11/12
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CNNW
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anytime you reform the tax code, you're going to want to do it in a way that stabilizes the tax base. you're creating a more reliable, sustainable base. that might mean some americans pay more, but that doesn't necessarily amount to a tax increase, what you're trying to do here is to stabilize the revenue stream. when you say it doesn't amount to a tax increase in the aggregate, that obviously is the center of this whole issue, especially when it comes to the pledge i know you signed with grover norquist. he said i'm okay with closing loopholes, but it has to be revenue neutral. but everyone knows to get a deal done, it can't be neutral. are you open to a deal that is not revenue neutral? >> what i'm open to is the idea of acknowledging the fact that we can bring in on average 18.5% of gdp through our revenue stream. that's what our tax system is capable of doing in the united states. that remains a constant. whether or top rate is at 35% as it is now or 75% as it was back in the early 1980s. that's a relative concept. what i want is for us to produce a steady stream of 18.5% rather t
anytime you reform the tax code, you're going to want to do it in a way that stabilizes the tax base. you're creating a more reliable, sustainable base. that might mean some americans pay more, but that doesn't necessarily amount to a tax increase, what you're trying to do here is to stabilize the revenue stream. when you say it doesn't amount to a tax increase in the aggregate, that obviously is the center of this whole issue, especially when it comes to the pledge i know you signed with...
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Nov 28, 2012
11/12
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KGO
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the stock market, $6 trillion in tax increases, $1.2 trillion in deep spending cuts. for the average middle class family, $2,200 in higher taxes. >> that would be a hard christmas holiday for all the members of congress to face if they do that. >> absolutely. >> okay, jake tapper, good to have you in new york. >> thank you. >>> and we head now to the middle east tonight to tahrir square the birthplace of the spring in egypt almost two years ago and once again egyptians are protesting this time trying to hold on to their democracy during a turbulent november. and abc's alex marquardt was on the scene in cairo today. >> reporter: the birthplace of egypt's revolution today once again ringing with calls for the downfall of a dictator. [ speaking a foreign language ] >> reporter: this time it's for this man, president mohammed morsi whom america relies on to be a regional peace broker. it has led to days of bloody clashes. the crowed is chanting erhal, or leave. these are many of the same chants we heard two years ago during the revolution, except that they've substituted
the stock market, $6 trillion in tax increases, $1.2 trillion in deep spending cuts. for the average middle class family, $2,200 in higher taxes. >> that would be a hard christmas holiday for all the members of congress to face if they do that. >> absolutely. >> okay, jake tapper, good to have you in new york. >> thank you. >>> and we head now to the middle east tonight to tahrir square the birthplace of the spring in egypt almost two years ago and once again...
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Nov 28, 2012
11/12
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FOXNEWSW
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on the tax issue the republicans are playing defense. if they don't act the white house is ready to blame this on them in terms of going off the cliff. after coming out of the election where the republicans nuclear a hit the white house hopes they will not want to take another big blow after the election so quickly. >>shepard: powerball sales are skyrocketing, upping the jackpot and the odds someone will win the big surprise tonight. it is at $550 million. that is a record for powerball. the odds are slim of swinging, 1 in 75 million but zero chance if you don't buy. people are dreaming. >> i felt my whole life i was supposed to be rip. >> pay the bills and house off. not have to work. ever again. >> i have 17 charities first. they come first. >> i want to buy a house. >> how will you spend it? >> take a day off. >> officials say this is a 75 percent chance now that someone or multiple somebodies will win tonight. rick is on long island, new york. a lot of folks there open for reversal of fortune. rick: they are. everyone here is telling
on the tax issue the republicans are playing defense. if they don't act the white house is ready to blame this on them in terms of going off the cliff. after coming out of the election where the republicans nuclear a hit the white house hopes they will not want to take another big blow after the election so quickly. >>shepard: powerball sales are skyrocketing, upping the jackpot and the odds someone will win the big surprise tonight. it is at $550 million. that is a record for powerball....
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Nov 27, 2012
11/12
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CSPAN
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by letting it expire and than any tax change to reduce taxes will be a tax cut, we will be glad to sign it. all of the super rich people who are now going to face the state tax on anything over $1 billion will be screening of their shoulders, the thing it. and rear not point to have $200 billion less in spending if after january 1 we sign a new tax bill. the fact that obama is administration is to make it sound like he is averting a catastrophe over the post 2013 -- it is an insult to people who know what is going on. host: if you think that -- do you think the president is not holding from one democratic beliefs? calving i really do not know. i just found out that ed rendell is supposedly a little type of democrat. he is one -- on one of these teams trying to figure out entitlements. this is a simple equation. we have about $800 billion more than necessary in spending. we have $800 billion more in spending that goes into the pockets of those who run unnecessary tests, insurance companies and pharmaceutical companies. and if we relocate the like most of the rational world by civil natio
by letting it expire and than any tax change to reduce taxes will be a tax cut, we will be glad to sign it. all of the super rich people who are now going to face the state tax on anything over $1 billion will be screening of their shoulders, the thing it. and rear not point to have $200 billion less in spending if after january 1 we sign a new tax bill. the fact that obama is administration is to make it sound like he is averting a catastrophe over the post 2013 -- it is an insult to people...
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Nov 21, 2012
11/12
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FBC
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very little movement on tax rates next year. very little movement on spending generally a slight decrease. lou: no movement, are using the bush tax cuts will be allowed to expire? >> no. what i'm saying is that the bush tax cuts, but for a slight modification will persist in 2013. spending reductions, which were made by the forced sequester will not be made in the amount suggested and will be only modest, and it will be a reduction in spending it will be a modest reduction in the rate of increase in spending such the we will have a $1 trillion plus deficit next year. more of the same. lou: as always. >> thank you. lou: up next to illegal immigrants wants new privileges because, i hate to tell you, it looks like pandering is contagious. imagine that. and forget susan rice. not the plot -- the biggest problem with this administration we will demonstrate to you the gaping holes in the benghazi time line and some extraordinary coincidences in the patraeus time line in the "chalk talk"e e next. fotheir annual football trip. that's do
very little movement on tax rates next year. very little movement on spending generally a slight decrease. lou: no movement, are using the bush tax cuts will be allowed to expire? >> no. what i'm saying is that the bush tax cuts, but for a slight modification will persist in 2013. spending reductions, which were made by the forced sequester will not be made in the amount suggested and will be only modest, and it will be a reduction in spending it will be a modest reduction in the rate of...
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Nov 29, 2012
11/12
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MSNBCW
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the federal tax rate is currently 25%. so it will be $380 million the government gets $95 million off the top. and the winning states not too shabby either. arizona takes 5% at 9$9.5 millin and missouri stakes $7.6 millio. in the end, the two winning ticket holders end up with 25% of that original jackpot. >>> mitt romney is heading to the white house today, just not in the capacity that he hoped for three weeks ago. this afternoon he'll sit down for a private lunch with president obama. it will be the first encounter since the final presidential debate in october. the meeting fulfills an election night promise by the president to work with romney going forward. that doesn't mean the former massachusetts governor will become a regular. >> is governor romney here tomorrow in some kind of cabinet level position? >> no. >> beyond that, is there some kind of reorganization in the commerce department where governor romney could play a role? >> again, there is -- the president doesn't have a specific assignment in mind for the g
the federal tax rate is currently 25%. so it will be $380 million the government gets $95 million off the top. and the winning states not too shabby either. arizona takes 5% at 9$9.5 millin and missouri stakes $7.6 millio. in the end, the two winning ticket holders end up with 25% of that original jackpot. >>> mitt romney is heading to the white house today, just not in the capacity that he hoped for three weeks ago. this afternoon he'll sit down for a private lunch with president...
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Nov 22, 2012
11/12
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FOXNEWSW
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>> you mean the bush tax cuts? >> that raises a question whether it's under the tax cuts or whether they insist that some of the revenue raiser and so, you know, obama agrees to give us some coverage and the revenue and something else, and bank of america is pretty harsh out on the ledge in terms of the bush tax cuts and i think the comments, bill crystal saying, what's the big deal, why don't we tax millionaires, if you have enough republicans coming out. gives the president to fight for this and i think that the republicans have to ask, do we really want to go down fighting and is this the mountain we want to die on fighting for 1% of the country? and so i'm not going to predict. i don't know what's going to happen because i found the behavior of people on the hill very unpredictable. >> it is. and something else on the table, the president's health care law coming from folks saying it's such a huge driver of the economy if fully implemented it has to be up for negotiation. house speaker john boehner wrote an op-
>> you mean the bush tax cuts? >> that raises a question whether it's under the tax cuts or whether they insist that some of the revenue raiser and so, you know, obama agrees to give us some coverage and the revenue and something else, and bank of america is pretty harsh out on the ledge in terms of the bush tax cuts and i think the comments, bill crystal saying, what's the big deal, why don't we tax millionaires, if you have enough republicans coming out. gives the president to...
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Nov 27, 2012
11/12
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KPIX
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if the lawmakers don't pass a plan by the end of the december tax hikes and budget cuts kick in. >>> a cyber monday tradition for federal officials took dozens of websites offline. it was the third annual crackdown on websites selling counterfeit merchandise. the sites were shut done after copyright holders that sports, dvds and other goods investigators bought on the websites were fake. the sites now display a banner that explains what happened. >>> robbers in san francisco are stealing iphones at an alarming rate. now, some people are trying to do something about it. at this beauty shop in the russian hill area, workers are warning customers that people are being robbed of their phones sometimes at gunpoint. distracted women are often the targets. >> i was just sitting there looking down at my phone and then somebody just grabbed it and it was like a phone-wallet combo. i started chasing after them. but then like i realize the there were realized there were two of them. what was i going to do? >>> it is 4:39 now. the victims of hurricane sandy say they have been through enough. nex
if the lawmakers don't pass a plan by the end of the december tax hikes and budget cuts kick in. >>> a cyber monday tradition for federal officials took dozens of websites offline. it was the third annual crackdown on websites selling counterfeit merchandise. the sites were shut done after copyright holders that sports, dvds and other goods investigators bought on the websites were fake. the sites now display a banner that explains what happened. >>> robbers in san francisco...
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Nov 21, 2012
11/12
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MSNBCW
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eye 139
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those tax cuts. when you look at the oil subsidies that oil companies received, there are many ways to move forward and stop this human cliff from occurring, but we do not need to go with seniors, we do not need to do this on the the backs of low-income individuals and the poor. it doesn't make any sense. it's not fair and it's morally wrong. >> i think it's morally wrong and it's not fair. there is a moral obligation to help the poor and those trying to recycle back into the economy. but do you feel confident that the democrats will hold the line for the less fortunate? >> i feel very confident the democrats will hold the line for the least fortunate. when you look at what's happening in our districts, we have people who are unemployed. we have the long-term unemployed. and we have people who want to work. we need to create jobs and invest or resources in job creation. that's who you we turn the economy around and reduce the deficit. >> congresswoman barbara lee, thank you for joining us. >>> allen
those tax cuts. when you look at the oil subsidies that oil companies received, there are many ways to move forward and stop this human cliff from occurring, but we do not need to go with seniors, we do not need to do this on the the backs of low-income individuals and the poor. it doesn't make any sense. it's not fair and it's morally wrong. >> i think it's morally wrong and it's not fair. there is a moral obligation to help the poor and those trying to recycle back into the economy. but...
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Nov 27, 2012
11/12
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FOXNEWSW
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but will the president budge on his top tax rates must go up. the state of the fiscal cliff negotiation may really ride on that point. now at a white house briefing they need to double down on the long held belief households with income above 250,000 dollars must pay a higher rate. they are open to higher taxes but they are pushing the idea of eliminating deductions for high income earners. >> we will continue to wait on the president and hope he has what it takes to bring people together and forge a compromise. if he does we will get there and if he doesn't, we won't. >>> it's that simple. >> president obama is going to meet with the carefully selected group of business leaders to get their input. how the republicans will do the s same. there will be little room for compromise. >> they once again urged the senate to pick up the house passed bill extending the hacks breaks for millionaires and billionaires. as president the senate has considered this bill. we jeekted it on a bipartisan basis. it was load down in this congress. >> republicans are
but will the president budge on his top tax rates must go up. the state of the fiscal cliff negotiation may really ride on that point. now at a white house briefing they need to double down on the long held belief households with income above 250,000 dollars must pay a higher rate. they are open to higher taxes but they are pushing the idea of eliminating deductions for high income earners. >> we will continue to wait on the president and hope he has what it takes to bring people together...
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Nov 27, 2012
11/12
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CURRENT
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i noticed mitch mcconnell's talked about tax rates. he's going to insist that tax rates not go any higher. you've got the mathematicians trying to raise the numbers. you can exact the rate throughout a person's entire income. they're looking for ways to finagle this. republicans are going to have to retreat and they're going to get a better deal before the end of the year than going into the new year. >> i want to ask you about that, what eleanor said about the end of the year rather than going into the new year. who benefits, if anyone, if they kick the can down the road, get a new congress. isn't there something to be said with this new democratic strength coming into the senate? it's a little stronger there. you have a stronger president picked up a few seats in the house. doesn't kicking the can down until february or march and do something that's maybe a bandaid now help the cost. >> it helps to a certain extent, but doesn't help the republican party all that much, because again, they're going to be blamed if we get a short-term d
i noticed mitch mcconnell's talked about tax rates. he's going to insist that tax rates not go any higher. you've got the mathematicians trying to raise the numbers. you can exact the rate throughout a person's entire income. they're looking for ways to finagle this. republicans are going to have to retreat and they're going to get a better deal before the end of the year than going into the new year. >> i want to ask you about that, what eleanor said about the end of the year rather than...
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121
Nov 29, 2012
11/12
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MSNBCW
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one is the bush tax cuts are expiring. we want to make sure they stay the same for 98% of the people and just those over $250,000 will go back to the clinton rates. and we had the greatest prosperity under bill clinton. and everybody knows that. 23 million jobs, balanced budgets, all the rest. it's not going to hurt anything. the second thing, the automatic spending cuts. so my view is we can climb down that cliff by doing what the president says on taxes, bringing home the money from the wars, and stopping those automatic cuts. we're off the cliff. and then we get together with goodwill, right in january with the new senate and the new house, and we hammer out the long-range solutions to all this. >> i want to you listen to something that your colleague, pattie murray, from washington state said on alex wagner's show about this fiscal cliff and her attitude toward it. i want to you react to it. >> sure. >> it's not a good idea to go over the fiscal cliff. no one wants to see that happen. it is a bad idea. but a worse idea
one is the bush tax cuts are expiring. we want to make sure they stay the same for 98% of the people and just those over $250,000 will go back to the clinton rates. and we had the greatest prosperity under bill clinton. and everybody knows that. 23 million jobs, balanced budgets, all the rest. it's not going to hurt anything. the second thing, the automatic spending cuts. so my view is we can climb down that cliff by doing what the president says on taxes, bringing home the money from the wars,...
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Nov 27, 2012
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year. [ technical difficulties ] >> and now it's -- now he has -- [ technical difficulties ] >> enough tax revenue, then i think he's willing, willing to deal. i suspect he is going to do something that his base isn't going to ben tirely happy with. but that's [ technical difficulties ] >> over the qualifying aids for social security or qualifications for medicaid or anything like that. i think it is probably going to be in the waste department abuse category. and not any kind of sweeping reform. [ technical difficulties ] >> let's be clear. the rule change being proposed not s not an affront to me or the republican party. it's an affront to the american [ technical difficulties ] >> so he doesn't have to be on board. but look, they are not talking about stripping the minority of the right to filibuster. they are talking about instead of saying, oh i'm going to filibuster, that you actually have to stand up and filibuster. that people would have to take the floor and read the phone book. i don't see anything wrong with that. there are a couple of proposals out there, nothing that significa
year. [ technical difficulties ] >> and now it's -- now he has -- [ technical difficulties ] >> enough tax revenue, then i think he's willing, willing to deal. i suspect he is going to do something that his base isn't going to ben tirely happy with. but that's [ technical difficulties ] >> over the qualifying aids for social security or qualifications for medicaid or anything like that. i think it is probably going to be in the waste department abuse category. and not any kind...
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Nov 27, 2012
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we raised payroll taxes, and we indirectly taxed social security benefits. we bought more than 50 years of solvency. today, untouched, it will make every promised payment for 22 years. you cannot say that about much in washington, but social security can. it has not added one penny to the deficit. for those who say there is a good reason to push it off the table and we brought another day, i would add a note of caution. small changes made today in social security will play out over the long run it to buy solvency for a long time. i think we should take social security off the table for the current fiscal cliff but be very honest about what we're going to achieve in the near term. i think we should create the equivalent of the simpson- bowles commission for social security and give them eight months to a year to come up with a planned to buy us 75 years of solvency for social security. then bring it to the floor for a vote and allow any bipartisan group who can come up with a credible plan that meets the same goal to offer their own to be voted on in the sena
we raised payroll taxes, and we indirectly taxed social security benefits. we bought more than 50 years of solvency. today, untouched, it will make every promised payment for 22 years. you cannot say that about much in washington, but social security can. it has not added one penny to the deficit. for those who say there is a good reason to push it off the table and we brought another day, i would add a note of caution. small changes made today in social security will play out over the long run...
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Nov 27, 2012
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that's forced upon him by the expiration of those tax cuts at the end of the year. but it seems to be embraced as what he wants to work on. president obama is not arguing for that tax cut expiration date to be extended, to be put off for awhile, to work on something else in the meantime. he seems to want this fight. not only talking about this reminding everybody that it is what he campaigned on when he won reelection. "the new york times" is he's employing the support information data base he built during his campaign toward trying to win that policy fight. and again, in addition to that, there's the breaking news of the president seeming to be lining his ducks in a row for nominating susan rice for secretary of state. the potential nominee taking meetings with the senate foreign relations committee, including john mccain, tomorrow morning. she will be taking that meeting alongside the acting director of the cia. in addition to this fight over the tax cuts, the president is not shying away from the secretary of state fight either. we know what he's being pressured
that's forced upon him by the expiration of those tax cuts at the end of the year. but it seems to be embraced as what he wants to work on. president obama is not arguing for that tax cut expiration date to be extended, to be put off for awhile, to work on something else in the meantime. he seems to want this fight. not only talking about this reminding everybody that it is what he campaigned on when he won reelection. "the new york times" is he's employing the support information...
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Nov 26, 2012
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>> -- a millionaire's tax. is that what democrats are looking at? >> there are fantasies in both camps. on the one side, it is raising their rates on everybody who makes $250,000 will solve the problem. and the other side is the program that charles outlined. and then there is a third fantasy that the lobbying class in washington, which is much stronger than ever before, will simply be dead and not do anything to try to keep the loopholes they now have, or the preferences day out. >> will the democrats agree to a higher -- above $250,000? >> i do want to make a note aboutcharles's statement one half of washington being liberal. i thought that was a concession. >> if i were to think about the groupies, it would be three- quarters. >> we will talk about the groupies in the military later. i do want to say that nina is absolutely right. the reality is that you cannot do this painlessly. at the same time, all of the tribute that charles paid, and so deservedly so, to the reagan- o'neill plan had an element to that was truly an acceptable to every conser
>> -- a millionaire's tax. is that what democrats are looking at? >> there are fantasies in both camps. on the one side, it is raising their rates on everybody who makes $250,000 will solve the problem. and the other side is the program that charles outlined. and then there is a third fantasy that the lobbying class in washington, which is much stronger than ever before, will simply be dead and not do anything to try to keep the loopholes they now have, or the preferences day out....
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Nov 29, 2012
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we asked each side what they would be willing to cut to make sure your taxes don't go up. plus, it isn't a wild safari, this is staten island. how these two pulled off the greatest scape. [ woman ] ring. ring. progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. this bible changed the world. i'm kirk cameron. four hundred years ago our forefathers risked their lives to bring this bible to the shores of america. because it contained the principals for economic liberty, political liberty and religious freedom. the 1599 geneva bible. it was the first complete english translation, complete with chapters, numbered verses and 300,000 utterly unique study notes. it actually came out before the king james version and because the government didn't authorize it, it was outlawed. but it was a bible by the people, for the people, the book that built america. and now for the first time in 400 years it's available a
we asked each side what they would be willing to cut to make sure your taxes don't go up. plus, it isn't a wild safari, this is staten island. how these two pulled off the greatest scape. [ woman ] ring. ring. progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. this bible changed the world. i'm kirk cameron. four hundred...
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Nov 28, 2012
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during the clinton administration, tax -- top tax rate was 39.6% and the economy took off. let's do that again. >> as we hear earlier mitt romney will be at the white house tomorrow. he obviously doesn't need to worry about my2k because his is worth more than $100 million. what's the understanding of this meeting? we understand paul ryan will be there as well. >> i think the president wants to strike a bipartisan note. romney no longer has to mullify the right wing of his paerd. he doesn't have strong feelings about much of anything at all. is it possible he could come out and bless what these business executives have been calling for, which is the president's balanced approach? anything's possible with mitt romney. and i think it very much makes sense for the president to extend an olive branch. you can say that -- >> but i thought mitt romney was -- hang on a second. i thought mitt romney was the one who proposed and espoused the notion of closing loopholes as the only way -- >> we know he's a flip-flopper. we don't have to -- >> that's true. >> he actually does -- it's e
during the clinton administration, tax -- top tax rate was 39.6% and the economy took off. let's do that again. >> as we hear earlier mitt romney will be at the white house tomorrow. he obviously doesn't need to worry about my2k because his is worth more than $100 million. what's the understanding of this meeting? we understand paul ryan will be there as well. >> i think the president wants to strike a bipartisan note. romney no longer has to mullify the right wing of his paerd. he...
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Nov 27, 2012
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they'll also be gone with the middle-class tax cuts. two years ago the republicans tried to hold the president hostage and said listen, if you don't give us the bush high-end tax cuts we're not giving you the middle-class tax cuts. the president ju jitsued that into a second stimulus. the president this time around has a little advantage. he can let all tax cuts expire on december 31st which is what democrats are advocating, first week in januariry when the congress comes back in, he can say, guys, we have 98% of the public i want to give tax cuts to right now, we can keep arguing about the top 2 but do this right now for the 98%. how come you're not with me on this? that's i think is a card for him to play heavy and gives him an advantage over the spending cuts and debt ceiling issues that will come up. >> justin, let's talk a little bit about the effects of a tax cut for high-income earners on the economy. there is this supposition, in fact i would call it bedrock republican philosophy economically speaking if you cut rates for top ea
they'll also be gone with the middle-class tax cuts. two years ago the republicans tried to hold the president hostage and said listen, if you don't give us the bush high-end tax cuts we're not giving you the middle-class tax cuts. the president ju jitsued that into a second stimulus. the president this time around has a little advantage. he can let all tax cuts expire on december 31st which is what democrats are advocating, first week in januariry when the congress comes back in, he can say,...
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Nov 25, 2012
11/12
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everything has to happen before december 31st or everybody's taxes go up, and the spending cuts kick in. but the president has had his first meeting with the top congressional leaders. there's a fair amount of optimism that something will get done before the end of the year. not necessarily the whole big deal but maybe a down payment on deficit reduction combined with a commitment to hit the big numbers before the end of next year. >> in addition to the fiscal cliff, there's some big vak kis coming up in the president's cabinet, as well. we have the state department, we have treasury. those two we expected, even the cia now, the general petraeus scandal, three vacancies. >> three big ones at least and there's likely to be more shuffling. of course, the big controversy right now over who is going to replace hillary clinton at the state department. the president has signaled is favorite to be ambassador susan rice and faced opposition in the senate and house. this week, 97 house republicans signed a letter telling the president don't appoint susan rice. she came out this week and defen
everything has to happen before december 31st or everybody's taxes go up, and the spending cuts kick in. but the president has had his first meeting with the top congressional leaders. there's a fair amount of optimism that something will get done before the end of the year. not necessarily the whole big deal but maybe a down payment on deficit reduction combined with a commitment to hit the big numbers before the end of next year. >> in addition to the fiscal cliff, there's some big vak...
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Nov 28, 2012
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letting the wealthiest tax cuts, the tax cuts go back to the clinton era, will provide the revenue so that those cuts don't to be deep and hurt so badly. >> senator patty murray, the fight we have a long way to go, even though the calendar year ends on december 31st, thank you so much for your time. >> coming up, ambassador susan rice returns to the hill to meet with the new set of republican lawmakers. but are these meetings congressional inquiry or job interview? we will take a look just ahead. my doctor told me calcium is efficiently absorbed in small continuous amounts. citracal slow release continuously releases calcium plus d with efficient absorption in one daily dose. citracal slow release. >>> after a trio of skeptical republican senators voiced their troubles with u.n. ambassador susan rice's answers yesterday another top gop lawmaker senator susan collins went there today. >> what troubles me so much is the benghazi attack in many ways echos the attacks on those embassies in 1998 when susan rice was head of the african region for our state department. >> we discuss the late
letting the wealthiest tax cuts, the tax cuts go back to the clinton era, will provide the revenue so that those cuts don't to be deep and hurt so badly. >> senator patty murray, the fight we have a long way to go, even though the calendar year ends on december 31st, thank you so much for your time. >> coming up, ambassador susan rice returns to the hill to meet with the new set of republican lawmakers. but are these meetings congressional inquiry or job interview? we will take a...
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republicans oppose any increase in tax rates for the wealthy. the president refuses to sign any legislation extending the current tax rates to the top 2% of earners. the president's been in negotiations with house speaker john boehner and has said he's willing to put almost anything on the table except social security. he wants to deal with that separately next year, but republicans want all entitlements included in talks. they want the president to make the first move with an initial proposal. and the white house says it has not received a realistic proposal from republicans that would raise the kind of revenue president obama is seeking. >> susan mcginnis in washington this morning. thank you so much. >>> amid sky high approval ratings in the wake of superstorm sandy, new jersey governor chris christie said he will be seeking re-election next year. he said the preliminary damage from sandy is nearly $30 million. christie says he's in it for the long haul to help jersey recover. >>> coming up on the morning news, click and shop. cyber monday ri
republicans oppose any increase in tax rates for the wealthy. the president refuses to sign any legislation extending the current tax rates to the top 2% of earners. the president's been in negotiations with house speaker john boehner and has said he's willing to put almost anything on the table except social security. he wants to deal with that separately next year, but republicans want all entitlements included in talks. they want the president to make the first move with an initial proposal....
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norquist is offering a reminder to republicans in congress who are thinking about breaking their anti-tax pledge in order to reach a deal. >> we could ask president bush, george herbert walker bush, how his second term went after he broke his pledge. did he damage the pledge, or did by breaking his pledge, he lost a second term for the presidency because he had not kept his word with the american people? >> at some point they need to let him go. >>> new york governor andrew cuomo is making his case for federal aid in the aftermath of hurricane sandy. governor cuomo said the storm could cost the state nearly $42 billion, and new yorkers would need federal help footing the bill. while acknowledging that more people died during hurricane katrina in 2005, the governor said that sandy's damage was actually more widespread. >> when you look at the number of homes and businesses affected, this storm affected many, many more people in places than katrina. and arguably, therefore, this created more housing and economic damage than katrina. >>> new jersey which suffered massive damage to its transi
norquist is offering a reminder to republicans in congress who are thinking about breaking their anti-tax pledge in order to reach a deal. >> we could ask president bush, george herbert walker bush, how his second term went after he broke his pledge. did he damage the pledge, or did by breaking his pledge, he lost a second term for the presidency because he had not kept his word with the american people? >> at some point they need to let him go. >>> new york governor andrew...
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Nov 27, 2012
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he created 10% tax rate and took lower income people off the tax roles. because of it, the rich are making more and paying more in taxes. before reagan took office. the bottom 50 paid 7%. the top 50 paid 90. now the top 50 pay 98%. the bottom 50 only pay two. >> bob: what do the top 5% pay? >> andrea: over 80%. 90%? >> bob: are you not embarrassed defend this? >> dana: embarrassed that the policy is so bad and you defend it and you act it will be a great savior and you know it's not. >> bob: i'm getting rap for people making half a billion snore if you do, what president obama is suggesting, raise taxes on the 250 and above you come up with 82 to $83 billion. >> bob: take in account the spending cuts that come in to that. >> dana: what spending cuts? show us. i would love to see any spending cuts. i'll believe it when i see it. >> brian: i think we have to give credit to producers of this world and not vilify them. we have to do what will allow them to grow the economy. to hire more people. >> eric: online for this -- >> brian: leave it there. >> eric: co
he created 10% tax rate and took lower income people off the tax roles. because of it, the rich are making more and paying more in taxes. before reagan took office. the bottom 50 paid 7%. the top 50 paid 90. now the top 50 pay 98%. the bottom 50 only pay two. >> bob: what do the top 5% pay? >> andrea: over 80%. 90%? >> bob: are you not embarrassed defend this? >> dana: embarrassed that the policy is so bad and you defend it and you act it will be a great savior and you...
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Nov 29, 2012
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on the middle class, tax the rich more. there were even calls in that room for higher minimum wages. clearly, no one wants to cut out the safety net that working people are promised for their lives of diligence, using their brains and brawn to build our country. >> mr. prince, republicans claim that the president's plan is bad for small business. why do you think they are wrong? >> let me tell you. the president's plans so far have helped my business. from 2008 to 2011, things were very flat. sales were flat or even down. as the stimulus started to kick in, we started seeing month to month, every month sense late 2010, our sales go up. it is consumers having more can have dense, having more money. obama care was huge. i provide health insurance for all my employees. the aca is underwriting small businesses doing that helped me absorb a huge increase because i have a couple of folks who work for me who are going through some illness problems. >> lee saunders, your members of afscme, will be financially hurt if we go over the
on the middle class, tax the rich more. there were even calls in that room for higher minimum wages. clearly, no one wants to cut out the safety net that working people are promised for their lives of diligence, using their brains and brawn to build our country. >> mr. prince, republicans claim that the president's plan is bad for small business. why do you think they are wrong? >> let me tell you. the president's plans so far have helped my business. from 2008 to 2011, things were...
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Nov 28, 2012
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tax. if we want to look for more revenue, we would start their of the things that are not taxed at all and try to bring more revenue that way first. host: why do we have tax rates? where do they come from? what is the history? guest: why do we have tax rates? host: the varying tax rates, 10%, 6%, up to 39.6%, or whatever. guest: in 2001, the rate started at 15% and went up to about 40%. we have a long history of having -- having a progressive income tax system. there is a bipartisan interest in the wealthier paying a higher share of their income. that is a system we have had since income taxes were put in place. in order to get the type of progress city that we have in place today, it can only be achieved with a progressive rate structure. in the 1990's, more radical tax reform ideas were passed of moving from an income tax to a consumption tax. and there was a popular movement to promote a flat tax. it would also have been progress of because we would not have taxed the first $20,000 wort
tax. if we want to look for more revenue, we would start their of the things that are not taxed at all and try to bring more revenue that way first. host: why do we have tax rates? where do they come from? what is the history? guest: why do we have tax rates? host: the varying tax rates, 10%, 6%, up to 39.6%, or whatever. guest: in 2001, the rate started at 15% and went up to about 40%. we have a long history of having -- having a progressive income tax system. there is a bipartisan interest in...
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, tax rates that were around before the bush tax cults came along. we're talking about something that will not affect working-class people except for that loss in the payroll tax they vacation. who's going to get blamed for that? chances are the democrats figure the republicans will be blamed. there's the two-step option, which is let's kick the can down the road for another year, so to speak, while negotiations continue on the long-term grand bargain. that's always in the back hip pocket of members of congress as well. so i don't know that they're feeling the same kind of sense of panic that a lot of us outside are feeling. >> i just got handed this, and let me ask you for your instant analysis on this, dana. it comes from the office of the white house press secretary. it says on thursday governor romney will have a private lunch at the white house with president obama in the private dining room, the first opportunity they've had to visit since the election. there will be no press coverage of this meeting. was this signalled? did we expect this? >>
, tax rates that were around before the bush tax cults came along. we're talking about something that will not affect working-class people except for that loss in the payroll tax they vacation. who's going to get blamed for that? chances are the democrats figure the republicans will be blamed. there's the two-step option, which is let's kick the can down the road for another year, so to speak, while negotiations continue on the long-term grand bargain. that's always in the back hip pocket of...
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here's stephen colbert. >> obama's answer to taxes is to raise taxes on the wealthy because he ran on that promise and won the elections. it's like he's totally disregarding my dismisses ive finger quotes. what part of this don't you understand? president obama? republicans might let him do it, even though every republican in congress has signed the no taxes pledge, created by the president of americans for tax reform, grover norquist. the two most terrifying words a republican can hear, other than buenos dias. >> seems like republicans are having an easier time writing off norquist than appealing to latinos. >>> which former gop candidate got a nod on the cbs show "ncis:los angeles" last night? one of the detectives on last night's episode gave us a throwback to a certain candidate's tax plan. >> huh? look at all those center hits. nine, nine, nine. should change my name to herman cain. >> yeah? i think it's more like peewee herman. read them and weep. >> you know what? these targets are cultu cultura biased. >> against what, surfers? >> 9-9-9 is how we remember herman cain. >>> are
here's stephen colbert. >> obama's answer to taxes is to raise taxes on the wealthy because he ran on that promise and won the elections. it's like he's totally disregarding my dismisses ive finger quotes. what part of this don't you understand? president obama? republicans might let him do it, even though every republican in congress has signed the no taxes pledge, created by the president of americans for tax reform, grover norquist. the two most terrifying words a republican can hear,...
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Nov 26, 2012
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its taxes for everybody. you cannot bring down the debt with a $5 trillion in your accumulated over the last four years to pay it down. you need structure readjustment with the entitlements, also, with social security, medicare, medicaid, also, and, also, the tax reform. the republicans have talked about revenue coming in from growth jobs and getting the economy going. when you get the economy going, you get more money coming into the irs and treasury/ when more americans are at work, they are paying. i don't believe it -- it is , woodymr. norquist said, it is a pledge to the people. some of those senators wanting to raise -- wanting not to raise taxes, that pledge, they knew what would happen to them, they would get run out of state. first i want to see president obama's cards on the table. host: jerry is up next in st. charles, missouri. good morning. caller: one of the things i would like to talk about is the waste in government. i see it continuously in ads on. on a completely off as far as a meter for yo
its taxes for everybody. you cannot bring down the debt with a $5 trillion in your accumulated over the last four years to pay it down. you need structure readjustment with the entitlements, also, with social security, medicare, medicaid, also, and, also, the tax reform. the republicans have talked about revenue coming in from growth jobs and getting the economy going. when you get the economy going, you get more money coming into the irs and treasury/ when more americans are at work, they are...